Pricing Actuary

Berkshire Hathaway Specialty Insurance; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global insurance provider is seeking an experienced actuary to join their London office. This role focuses on pricing models and supporting underwriters across various insurance lines. Candidates should have a strong background in actuarial studies, ideally with experience in General Insurance pricing. The position offers a competitive package and opportunities for career growth in a collaborative, innovative environment.

Benefits

Competitive salary

Career growth opportunities

Dynamic work environment

Qualifications

• Qualified or nearly qualified actuary with strong technical skills.
• Experience in pricing models for General Insurance.

Responsibilities

• Prioritize development of pricing models.
• Price individual large insurance policies as a business partner.
• Ensure high quality data capture.

Skills

Actuarial experience in a General Insurance role

Advanced skills in MS Excel

Programming skills in SQL, VBA, R or Python

Excellent oral and written communication skills

Strong interpersonal skills

Education

Bachelor’s Degree in actuarial studies or related field

Job description

Who are we?

A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.

We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognized. Want to be part of the team building the finest property, casualty, and specialty lines insurance company in the world?

Learn more about our unique culture and history.

Job Opportunity:

Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for an experienced actuarial candidate to join our European Actuarial Team. We are looking for an individual who has both an ability to excel and an excellence of character. Our culture is innovative and fast paced and this position will be the perfect fit for an individual who is intellectually curious, self-motivated, and collaborative.

This position will be based in our London office with a focus on our UK and European Executive & Professional Lines portfolio including Commercial Directors & Officers, Professional Indemnity, Financial Institutions, Cyber and Transactional Liability, as well as the Marine and DUA portfolios. The tasks and responsibilities will grow in line with the maturity of the business and the candidate’s profile.

The role is open for candidates who are qualified or nearly qualified as an actuary and have the right to work in the UK. Job title and compensation will be commensurate with the experience and exam level of the individual.

Duties & Responsibilities:

• Prioritize and drive the development of pricing models and work closely with the global actuarial function to ensure accurate implementation.
• Carry out and deliver existing projects such as pricing model recalibration, pricing model enhancement.
• Price individual large insurance policies and be the business partner for underwriters in this process.
• Work with the data compilation team to ensure high quality data capture.
• Provide general pricing support to the business across 9 countries in Europe, including technical assistance on pricing models, data quality issues and so on.
• Measure, track, and monitor products performance by producing product reviews to support portfolio management and underwriting strategies.
• Collaborate across functions and regions on the development and maintenance of actuarial pricing and reporting processes.
• Carry out pricing model training sessions across Europe on-line and in person.
• Work with Global Underwriting Officers and build close business partnership with key stakeholders.

Qualifications, Skills and Experience:

• Bachelor’s Degree or equivalent in actuarial studies, mathematics, statistics, or a related field
• Actuarial experience in a General Insurance role, preferably in Pricing
• Nearly or fully qualified actuary with strong technical skills
• Advanced skills in MS Excel and at least one of the programming languages such as SQL, VBA, R and/or Python
• Excellent oral and written communication skills in English, capable of communicating complex concepts to a non-actuarial audience
• Strong interpersonal skills and the ability to work in a team environment as well as independently
• Strong desire to learn from and share knowledge with teammates

BHSI Offers:

• A competitive package and exciting growth opportunities for career-oriented teammates.
• A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates, and our other stakeholders.
• A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework.

To apply, please submit your CV with a cover letter outlining why this would be the perfect role for you to [e-mail]

NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Member may perform other related duties as negotiated to meet the ongoing needs of the organization.

Visit our website at www.bhspecialty.com